COMFORT SYSTEMS USA INCFIXEarnings & Financial Report
Comfort Systems USA, Inc. is an American company that provides mechanical and electrical contracting services, primarily HVAC, plumbing, piping and controls, off-site construction, monitoring and fire protection, and installation and servicing of electrical systems.
Revenue
$1.8B
Gross Profit
$403.4M
Operating Profit
$209.1M
Net Profit
$169.3M
Gross Margin
22.0%
Operating Margin
11.4%
Net Margin
9.2%
YoY Growth
19.1%
EPS
$4.75
COMFORT SYSTEMS USA INC Q1 FY2025 Financial Summary
COMFORT SYSTEMS USA INC reported revenue of $1.8B (up 19.1% YoY) for Q1 FY2025, with a net profit of $169.3M (up 75.8% YoY) (9.2% margin). Cost of goods sold was $1.4B, operating expenses totaled $194.3M.
Key Financial Metrics
| Total Revenue | $1.8B |
|---|---|
| Net Profit | $169.3M |
| Gross Margin | 22.0% |
| Operating Margin | 11.4% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
COMFORT SYSTEMS USA INC Q1 FY2025 revenue of $1.8B breaks down across 11 segments, led by Existing Building Construction at $492.6M (26.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Existing Building Construction | $492.6M | 26.9% |
| Manufacturing Customer | $452.8M | 24.7% |
| Healthcare Sector Customer | $182.5M | 10.0% |
| Education | $161.2M | 8.8% |
| Office Building Customer | $122.5M | 6.7% |
| Service Projects | $119.2M | 6.5% |
| Government Customer | $96.3M | 5.3% |
| Retail Restaurants And Entertainment | $77.0M | 4.2% |
| Other | $65.7M | 3.6% |
| Other Customer | $33.0M | 1.8% |
| Multi Family And Residential | $28.4M | 1.5% |
COMFORT SYSTEMS USA INC Revenue by Segment — Quarterly Trend
COMFORT SYSTEMS USA INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Existing Building Construction and Manufacturing Customer) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Existing Building Construction | $491.4M | $527.1M | — | $492.6M |
| Manufacturing Customer | $542.7M | $543.1M | — | $452.8M |
| Healthcare Sector Customer | $220.8M | $207.0M | $200.3M | $182.5M |
| Education | $137.5M | — | $194.8M | $161.2M |
| Office Building Customer | $88.2M | $125.5M | $110.5M | $122.5M |
COMFORT SYSTEMS USA INC Annual Revenue by Year
COMFORT SYSTEMS USA INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.1B |
| 2024 | $7.0B |
| 2023 | $5.2B |
| 2022 | $4.1B |
COMFORT SYSTEMS USA INC Quarterly Revenue & Net Profit History
COMFORT SYSTEMS USA INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.6B | +41.7% | $330.8M | 12.5% |
| Q3 FY2025 | $2.5B | +35.2% | $291.6M | 11.9% |
| Q2 FY2025 | $2.2B | +20.1% | $230.8M | 10.6% |
| Q1 FY2025 | $1.8B | +19.1% | $169.3M | 9.2% |
| Q4 FY2024 | $1.9B | +37.6% | $145.9M | 7.8% |
| Q3 FY2024 | $1.8B | +31.5% | $146.2M | 8.1% |
| Q2 FY2024 | $1.8B | +39.6% | $134.0M | 7.4% |
| Q1 FY2024 | $1.5B | +30.8% | $96.3M | 6.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.54B | $1.81B | $1.81B | $1.87B | $1.83B | $2.17B | $2.45B | $2.65B |
| YoY Growth | 30.8% | 39.6% | 31.5% | 37.6% | 19.1% | 20.1% | 35.2% | 41.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.90B | $4.21B | $4.41B | $4.71B | $4.57B | $5.06B | $5.78B | $6.44B |
| Liabilities | $2.53B | $2.73B | $2.83B | $3.01B | $2.79B | $3.09B | $3.54B | $3.99B |
| Equity | $1.37B | $1.48B | $1.59B | $1.70B | $1.78B | $1.97B | $2.23B | $2.45B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $146.6M | $189.9M | $302.2M | $210.5M | $-88.0M | $252.5M | $553.3M | $468.5M |